Robinhood vs eToro 2024

Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.

Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare Robinhood vs eToro.

In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.

For 2024, our review finds that Robinhood offers more comprehensive new investor education for beginning investors than eToro. Robinhood offers investors access to Education (Stocks) and Education (Options), while eToro offers investors access to Paper Trading, Videos and Education (Stocks). Neither have Education (ETFs), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

Robinhood and eToro charge the same amount for regular stock trades, $0.00. Robinhood and eToro both charge $0.00 per option contract. Robinhood and eToro both charge (Not offered) per option contract. For a deeper dive, see our best brokers for free stock trading or options trading guides

Looking at a full range of investment options, including order types and international trading, our research has found that Robinhood offers a more comprehensive offering than eToro. Robinhood ranks #14 out of 18 brokers for our Investment Options category, while eToro ranks #17.

Robinhood offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Neither have Mutual Funds, Futures Trading, Forex Trading and Advisor Services Looking at Mutual Funds, Robinhood and eToro both provide customers access to 0 no transaction fee (NTF) mutual funds.

In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that both Robinhood and eToro offer crypto trading.

To compare the day trading platforms of Robinhood and eToro, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, eToro offers a better experience.

After testing 25 features across the stock trading apps of Robinhood and eToro, we found Robinhood to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. Robinhood ranks #9 out of 18 brokers, while eToro ranks #11.

Robinhood Trading App Gallery

eToro Trading App Gallery

For research, eToro offers superior market research than Robinhood. Robinhood ranks #14 and eToro ranks #12.

Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.

Robinhood requires a minimum deposit of $0.00, while eToro requires a minimum deposit of $100.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.

Robinhood charges 12% for accounts under $25,000 while eToro charges a margin rate of Not offered. The industry average of the 18 brokers we track is 9%.

Robinhood and eToro allow traders to trade fractional shares. Our research has found that 46% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.

Neither Robinhood nor eToro allow you to trade penny stocks. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards are offered by Robinhood while eToro offers none. Neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.

StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.

Robinhood’s customer service could not be tested or rated due to the fact it does not offer phone support for prospective customers.

eToro’s customer service could not be tested or rated due to the fact it does not offer phone support for prospective customers.

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

In the 2024 StockBrokers.com 2024 Annual Awards, Robinhood placed No. 1 for Ease of Use.

Though its offerings have some limitations, eToro's approach will appeal to those interested in learning how to trade crypto or joining a crypto-focused community. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

In the 2024 StockBrokers.com Annual Awards, eToro ranked No. 1 for Investor Community and Crypto Technology.